Fold Holdings, Inc.
For the period ended Sep 30, 2026. Filed Nov 10, 2026.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2026 · Filed Nov 10, 2026
FLD$0.44-4.6%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Statements of Operations
| Three Months EndedSeptember 30, | Nine Months EndedSeptember 30, | |||
|---|---|---|---|---|
| 2026 | 2025 | 2026 | 2025 | |
| Revenues, net | $4,161,541 | $7,398,939 | $15,843,759 | $22,662,702 |
| Operating expenses | ||||
| Banking and payments costs | 3,108,563 | 6,519,736 | 13,023,182 | 20,961,281 |
| Custody and trading costs | 1,301,886 | 244,954 | 2,639,340 | 433,550 |
| Compensation and benefits | 3,715,573 | 3,728,954 | 11,539,907 | 13,863,551 |
| Marketing expenses | 170,471 | 237,625 | 1,166,917 | 1,258,346 |
| Professional fees | 828,454 | 1,294,394 | 3,751,700 | 4,353,244 |
| Amortization expense | 184,361 | 232,853 | 514,425 | 430,761 |
| (Gain) loss on customer rewards liability | 1,968,920 | 506,796 | (284,149) | 1,477,444 |
| (Gain) loss on digital assets - rewards treasury | (2,121,385) | (637,712) | 687,458 | (1,961,803) |
| Other selling, general and administrative expenses | 1,317,819 | 1,211,657 | 4,717,047 | 3,612,533 |
| Total operating expenses | 10,474,662 | 13,339,257 | 37,755,827 | 44,428,907 |
| Operating loss | (6,313,121) | (5,940,318) | (21,912,068) | (21,766,205) |
| Other income (expense) | ||||
| Gain (loss) on digital assets - investment treasury | 4,078,913 | 10,238,866 | (24,445,385) | 31,203,938 |
| Change in fair value of SAFEs | - | - | - | (6,503,113) |
| Change in fair value of convertible note | - | (2,626,932) | 13,200,089 | (14,470,683) |
| Convertible note issuance costs and fees | - | - | - | (9,569,109) |
| Legal settlements | - | - | (1,374,828) | - |
| Loss on extinguishment of debt | - | - | (4,005,132) | (9,612,199) |
| Interest expense | (537,155) | (1,179,216) | (3,732,864) | (4,425,703) |
| Other income | 128,620 | 60,961 | 811,453 | 247,662 |
| Other income (expense), net | 3,670,378 | 6,493,679 | (19,546,667) | (13,129,207) |
| Net (loss) income before income taxes | (2,642,743) | 553,361 | (41,458,735) | (34,895,412) |
| Income tax expense (benefit) | 7,146 | (881) | 10,617 | 3,978 |
| Net (loss) income | $(2,649,889) | $554,242 | $(41,469,352) | $(34,899,390) |
| Net (loss) income attributable to common stockholders: | ||||
| Basic | $(2,649,889) | $554,242 | $(41,469,352) | $(34,899,390) |
| Diluted | $(2,649,889) | $554,242 | $(41,469,352) | $(34,899,390) |
| Net (loss) income per share attributable to common stockholders: | ||||
| Basic | $(0.05) | $0.01 | $(0.80) | $(0.88) |
| Diluted | $(0.05) | $0.01 | $(0.80) | $(0.88) |
| Weighted-average shares used to compute net (loss) income per share: | ||||
| Basic | 54,841,913 | 46,911,561 | 51,629,478 | 39,781,781 |
| Diluted | 54,841,913 | 46,911,561 | 51,629,478 | 39,781,781 |
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